Universa Investments is looking to raise $1 billion for a new macro fund, Bloomberg reports. The Universa Convex Macro Fund will be a convexity fund, seeking out trades with the potential for huge profits with minimal risk.
The fund will primarily invest in index options, but will also put money into commodities, currencies, equities and other investments. The fund will aim to profit from macroeconomic developments by uniting the ideas from investment partnerships that have been launched by the California-based firm to protect clients against specific types of tail risks.
Click here for the story from Bloomberg.